Thailand Supreme Court just ruled $BTC is property, not money.

This matters because:
• Property = capital gains treatment (better tax)
• Not classified as currency = no regulatory friction for payments
• Sets precedent for other APAC jurisdictions watching closely

Bullish for institutional adoption in SEA. Thailand already crypto-friendly with clear exchange licensing. This removes legal gray zone for HODLers and corporates holding $BTC on balance sheets.

Watch for similar rulings in Philippines and Vietnam next.